MRC Global Inc Sentiment Increases on Better Stock Potential

July 18, 2017 - By Peter Erickson

 MRC Global Inc Sentiment  Increases on Better Stock Potential

Sentiment for MRC Global Inc (NYSE:MRC)

MRC Global Inc (NYSE:MRC) institutional sentiment increased to 1.22 in 2016 Q4. Its up 0.17, from 1.05 in 2016Q3. The ratio is more positive, as 95 active investment managers opened new and increased equity positions, while 78 reduced and sold stock positions in MRC Global Inc. The active investment managers in our partner’s database now have: 92.11 million shares, down from 92.46 million shares in 2016Q3. Also, the number of active investment managers holding MRC Global Inc in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 18 Reduced: 60 Increased: 55 New Position: 40.

MRC Global Inc. is an industrial distributor of pipe, valves and fittings and related services and products to the energy industry. The company has market cap of $1.56 billion. The Company’s divisions include the U.S., Canada and International. It currently has negative earnings. The Company’s U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.

It closed at $16.76 lastly. It is down 52.93% since July 18, 2016 and is uptrending. It has outperformed by 36.23% the S&P500.

Mcclain Value Management Llc holds 3.63% of its portfolio in MRC Global Inc for 145,146 shares. Tweedy Browne Co Llc owns 4.81 million shares or 3.04% of their US portfolio. Moreover, Irving Magee Investment Management has 1.68% invested in the company for 213,068 shares. The Massachusetts-based Monarch Partners Asset Management Llc has invested 1.51% in the stock. Malaga Cove Capital Llc, a California-based fund reported 102,597 shares.#img1#

Since January 1, 0001, it had 0 buys, and 1 sale for $65,611 activity.

MRC Global Inc (NYSE:MRC) Ratings Coverage

Ratings analysis reveals 58% of MRC Global’s analysts are positive. Out of 12 Wall Street analysts rating MRC Global, 7 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $16 while the high is $25. The stock’s average target of $19.17 is 14.38% above today’s ($16.76) share price. MRC was included in 20 notes of analysts from August 6, 2015. The rating was initiated by CapitalOne with “Overweight” on Tuesday, December 29. The firm has “Hold” rating by Maxim Group given on Tuesday, November 10. Cowen & Co initiated it with “Market Perform” rating and $16 target in Friday, September 16 report. On Tuesday, February 21 the stock rating was upgraded by Seaport Global Securities to “Buy”. The stock has “Sector Perform” rating by KeyBanc Capital Markets on Monday, November 9. The stock of MRC Global Inc (NYSE:MRC) has “Sector Weight” rating given on Friday, December 18 by KeyBanc Capital Markets. The firm earned “Sector Weight” rating on Monday, May 29 by KeyCorp. Susquehanna initiated MRC Global Inc (NYSE:MRC) on Tuesday, April 11 with “Positive” rating. The firm earned “Neutral” rating on Thursday, February 25 by Longbow. Cowen & Co upgraded MRC Global Inc (NYSE:MRC) rating on Tuesday, November 8. Cowen & Co has “Outperform” rating and $18 target.

More news for MRC Global Inc (NYSE:MRC) were recently published by: Prnewswire.com, which released: “MRC Global Awarded Multiple Nordic Project and MRO Contracts” on July 17, 2017. Prnewswire.com‘s article titled: “Pre-Market Technical Pulse on Oil and Gas Stocks — MRC Global, Dril-Quip …” and published on July 07, 2017 is yet another important article.

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